Circle C Child Development Center Inc

Analysis

Circle C Child Development Center Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Circle C Child Development Center Inc reported income of $9.5m and spending of $9.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $9.5m (+130%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Circle C Child Development Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Odd Fellow Rebekah Home Association Inc ($9.5m), Rose Bowl Aquatics Center ($9.5m) and Wenonah Park Properties Inc ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $173k (1.9% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $12.9m against liabilities of $8.0m, net assets of $4.8m. It reported 334 employees.